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BIIA News

FINANCIAL CRISIS REVERSES TRENDS ON OPEN CREDIT

According to a recent article in the Asian Banker (Issue 86) Asia Pacific trade finance volumes crashed in October.    Distrust of trading partners and aversion to specific country risk, coupled with declining import and export volumes, have forced trade finance providers to go back to basics.  As a result of the slowdown, companies are taking more precautions against defaults by ... Read More »

CREDIT CRUNCH COMES FULL CIRCLE WITH THE PLAN TO BAIL OUT BANKS

In the hunt for culprits of the credit crunch the lack of information, perhaps imperfect information, and the rating agencies have been unfairly singled out as prime suspects.   What received scant attention is the fact that in the value chain of capital markets there are many players, some of which acted irresponsibly, misrepresented information, many of them got paid up ... Read More »

MORTGAGE FRAUD JUMPS BY 45% IN THE USA

If one had assumed the fraudulent practices of the subprime mortgage origination are history should heed the following report:  Mortgage fraud jumps by 45% on fewer loan applications in U.S., per the Mortgage Asset Research Institute (MARI).  Reported incidents of mortgage fraud in the U.S. increased by 45 percent on fewer loan applications in the second quarter of 2008 from ... Read More »

BIIA – Incisive Media Business Information Forum 2011

BIIA and Incisive Media are organizing a special Business Information Forum 2011 which will be held on March 24th, 2011 at the Hong Kong Convention Centre in conjunction with the Online-Information Asia-Pacific Conference and Exhibit.    The Business Information Forum 2011 will address a number of key issues of interest to users, as well as information professionals.  We shall look ... Read More »

PEOPLE’S BANK OF CHINA WORKSHOP ON CREDIT INFORMATION

BIIA IN ACTION:  BIIA management and colleagues from the BIIA regulatory committee attended an important three day regulatory workshop organized by the People’s Bank of China and the IFC, which took place on Hainan Island.   Three major industry associations were invited:  BIIA representing rating services and business credit information services; ACCIS, the European Consumer Credit Information Association and CDIA, the ... Read More »

BIIA INDUSTRY DIRECTORY POWERED BY WAND

BIIA and WAND announce the launch of the BIIA Business Information Industry Directory.  The purpose of the BIIA directory is to improve the transparency of the business information content industry and to provide an additional revenue source to be able to support member services and industry advocacy initiatives.  The listing of company name, products and link to websites is free. ... Read More »

Meet our Full Member Schufa Holding AG Germany

SCHUFA Holding AG is the leading information and service partner for the credit-granting industry. By providing credit relevant information, the company helps its customers, including banks, savings banks and retailers, make decisions on the granting of credit. For consumers, modern shopping thus becomes simple, quick and unbureaucratic. Information on products and services for consumers as well as online access to ... Read More »

BIIA is Being Noticed

BIIA is starting to receive inquiries about memberships and affiliated memberships.  The formation of BIIA has raised eyebrows in Europe, because there is no European-wide content association.  People are surprised that Asia has taken such an initiative.  BIIA is in discussions with a number of content associations concerning reciprocal memberships.  We see the following advantages in potential alliances:  Alliances with ... Read More »

BIIA AT UNCTAD (United Nations Conference on Trade and Development)

BIIA participated in the expert panel “The Impact of ICTs on Business Sectors” and presented on the subject of “Trade Finance: The Case of e-Credit Information”. BIIA’s presentation touched upon the key issue of public sector information, which is dysfunctional in many developing countries, thus impacting negatively the creation of accurate, reliable and timely credit information.  While UNCTAD is placing ... Read More »